Economy
Spice Lounge Food Works Shares Surge 55% in Nine-Day Upper Circuit Rally
Livemint2h
THE BRIEF
1
Small-cap stock Spice Lounge Food Works hit its fifth-percent upper circuit for the ninth consecutive trading session, settling at ₹33 on Friday.
2
The rally pushed monthly returns to 55.5%, outperforming the Nifty Smallcap 100 index amid broader market sell-offs driven by Middle East tensions.
3
The surge followed the company's announcement of a new food emulsifier and agro-sourcing division with an estimated revenue potential of ₹1,200 crore.